Samuel’s fashion loan project

Samuel

Accra, Ghana

4% repaid

Entrepreneur

Name

Samuel

Member since

May 2019

On-time repayments

24 installments  •  67%

About Me

My name is Samuel Appiah from Akim Oda in the eastern region of Ghana but lives at Accra, the capital and a city of Ghana. Born at korle-bu in the year nineties. Went to school up to the senior secondary education level and was very good in art. I had many opportunities in various kinds of work institutions but never felt so good with it until I was one day told and inspired by my church choir leader on my way back home from rehearsal, I will never forget that beautiful blessed evening. And I quote: “ you sing so beautiful and can teach and preach the word of God when given the opportunity, but you also carry some spirit of which you are not aware and since ignorant has always been a disease, diseases also do kill that’s why yet still upon all this gentle work that God have given to you; you still not happy and I can see it bro, creat what you love doing most for yourself and the people around you in other to feel fruitful...” With this and many motivational speeches i heard from him that evening, with the little that I have saved I planned to create this one thing that I love doing as far as job is concerned you matter the cost and this time not letting anything cross my way. Its was sewing(fashion)

I then started with Emmanuel who works and I pay him at the end of the week. I later had an apprentice and we decided not to wait for people to come with their own materials, design and a part payment of workmanship but rather chase customers at their homes, workplace and offices with our own design clothings(African wears)

I have now had another two apprentices summing up to three apprentices one worker and wone a contract within and outside Ghana of which I need more money to fund and expand the business by buying fabrics, materials since I have to fund everything and every process till it get to who ever and where ever we are distributing to. And to employ another worker in other to make delivery on time to customers.

I just hope I get a bigger loan to fund this business on time before it too late for me.

My Business

My business is called Divine fashion. We are into fashions; sewing all kinds of unisex clothing especially African wears to the market and any one interested both in and outside the country

With it high cost of produce demands high funds to make the clothing’s available, affordable and easy accessible to customers and the market before cash

Loan Proposal

I will be using this loan to fund my business by buying fabrics and a few materials for my business. A few days ago was tough. I couldn’t get to the market easily because the money I received wasn’t enough for my projected expectations towards this Christmas. Things was expensive in the market thereby raising the price of my clothing a bit high coursing disappointment in the costumers. This time am aiming high in good faith with different styles, varieties and strategies.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$452.00

Date disbursed

Dec 25, 2019

Repayment status

Late

Projected term

2 months

Lenders

PaulE

Cockeysville, MD, United States

MarktheMormon

Sandy, Utah, United States

Svenip

Vienna, Austria

Franmiguel

Perth, Australia

Laurie

United States

I

isaac

United Kingdom

Ed

Howells, United States

M

Mary

United States

R

Ray

Australia

Stefan Koshold

Mülheim, Germany

Sayuri

United Kingdom

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Summary

Amount repaid

$18.56

Amount remaining

$433.48

Expected completion

Feb 26, 2020

Status

Repaying late

Installment amount

$18.56

Repayment History

Expected Payments Actual Payments
Jan 1, 2020 $18.56 Jan 1, 2020 $18.56
Jan 8, 2020 $18.56
Jan 15, 2020 $18.56
Jan 22, 2020 $18.56
Jan 29, 2020 $18.56
Feb 5, 2020 $113.06
Feb 12, 2020 $113.06
Feb 19, 2020 $113.06
Feb 26, 2020 $20.05

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